Stephen P. Cronin was hired as director of retirement sales for consulting firm Spectrem Group, a new position. Mr. Cronin was a senior vice president for Federated Services Co., a unit of Federated Investors. Federated officials couldn't be reached.
Also hired by Spectrem were Liat Rorer and David F. Toth as senior consultants. Ms. Rorer was a vice president for Charles Schwab and Mr. Toth was a senior vice president and director of mutual funds for Boatmen's Trust Co., now a part of NationsBank